Solve the following problem:
Q: Is there a particular product that is an indicator of per capita personal consumption for countries around the world? Shown on the next page are data on per capita personal consumption, paper consumption, fish consumption, and gasoline consumption for 11 countries. Use the data to develop a multiple regression model to predict per capita personal consumption by paper consumption, fish consumption, and gasoline consumption. Discuss the meaning of the partial regression weights.
|
Country
|
per capita consumption ($)
|
paper consumption
(kg per person)
|
fish consumption
(lbs per person)
|
gasoline consumption
(liters per person)
|
|
Bangladesh
|
836
|
1
|
23
|
2
|
|
Greece
|
3, 145
|
85
|
53
|
394
|
|
Italy
|
21,785
|
204
|
48
|
368
|
|
Japan,
|
37931
|
250
|
141
|
447
|
|
Kenya
|
276
|
4
|
12
|
16
|
|
Norway
|
1,913
|
156
|
113
|
477
|
|
Philippines
|
2,195
|
19
|
65
|
43
|
|
Portugal
|
3,154
|
116
|
133
|
257
|
|
United Kingdom
|
19,539
|
207
|
44
|
460
|
|
United States
|
109,521
|
308
|
47
|
1,624
|
|
Venezuela
|
622
|
27
|
40
|
528
|